What is the operating cycle for a merchandiser

Reference no: EM131881369

Question: 1: A company has a correct $25,000 year-end balance in its Sales Discount account. Explain what that 25,000 represents. Is that account closed out at the end of the year?

2: What is the "Operating Cycle" for a merchandiser?

3: Identify 4 accounts that are closed out by a merchandiser but a service business would not have those accounts to close.

Reference no: EM131881369

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